Smart and Sustainable Electric Mobility
Xpeng said it will begin development of globally available highway NGP in 2024 and globally available XNGP functionality in 2025.
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United Nova said it will be the production supplier for Nio's first in-house developed 1200 V SiC module, helping the EV maker build on its leadership position in the 900 V high-voltage platform.
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The earnings preview implies CATL returned to net profit growth in the fourth quarter, after seeing a sequential decline in the third quarter.
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During January 1-28, Nio was 9,900 units, Xpeng 6,800, Li Auto 27,100, Tesla 35,200 and BYD 168,500.
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BYD's average profit per vehicle fell by about RMB 1,400 in the fourth quarter from the third quarter, mainly due to promotions through discounts and incentives offered to dealers, a team of analysts said.
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In the fourth quarter, Tesla's revenue from China was a record $6.1 billion, or 24.25 percent of its total revenue.
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BYD achieved a significant improvement in earnings, demonstrating strong resilience despite tougher competition in the industry, the company said.
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Gotion said further reductions in raw material costs and the introduction of Volkswagen's management system have helped it improve efficiency.
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The new variant of the Cyberster revives the color scheme of some of the classic models in MG's history, with only 100 units offered in the first round of sales.
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The new Tesla Model 3 Performance is expected to go on sale in China in the second quarter, and its price tag will likely be close to RMB 400,000 yuan, according to local media.
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